According to my schedule, the FIN 181 final exam is on Thursday, December 16th starting at 5:45 PM.
Good news and bad news regarding the final exam.
First the good news. The final exam may replace your lowest exam grade from the semester. For example, if you scored a 50% on exam 1 and you score a 70% on the final exam, the final exam score of 70% will replace the 50% exam 1 score.
Now the bad news. The final exam is cumulative (covers the entire course) and will be challenging. I have not finished writing the final exam but you can expect up to 100 questions with additional short answer questions and problems.
Because the exam is cumulative, you need to study the material from the entire semester. I will suggest that you do not forget about the final reconciliation chapter and video clip. This material was not included on exam 3 but will certainly appear on the final exam.
I will give a little guidance on the short answer and problem sections. Because the performance on the income approach material (direct capitalization and discounted cash flow analysis) was sub-par on exam 3, the short answer and problem section will emphasis this material. You should also be ready to write a final reconciliation given a valuation scenario.
Study hard and see you next Thursday!
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